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Multi-purpose trade management EA

  • #501
  • May 12, 2010 3:58am May 12, 2010 3:58am
Gents,
I need help in configuring the EA for the stop loss position. It works beatifully when in positive territory; I make 500 pips a week consistently ising this EA, however, when the trade misses the first target or retraces down into negative territory, it doesn't seem to invoke the Stop loss no matter which parameters I set. I need an absolute cut off of 30 pips from open price on Alpari (UK) so I expected that a 300 entry (5 digit broker) would provide this. Currently pips for visual BE is 300, hidden stop loss is 300 add missing stop loss at 300 yet a recent cable position closed at 100 pips down. I cant find anywhere where I have enetered this number. Please can anyone help even if its to say that I should set a manual SL, thanks
  • #502
  • May 12, 2010 4:54am May 12, 2010 4:54am
Quoting Mach26
Gents,
I need help in configuring the EA for the stop loss position. It works beatifully when in positive territory; I make 500 pips a week consistently ising this EA, however, when the trade misses the first target or retraces down into negative territory, it doesn't seem to invoke the Stop loss no matter which parameters I set. I need an absolute cut off of 30 pips from open price on Alpari (UK) so I expected that a 300 entry (5 digit broker) would provide this. Currently pips for visual BE is 300, hidden stop loss is 300 add missing stop loss...
Mach26:

Are you using for basket management or for individual pair?

If for basket, you have two choices that can give your desired results Set basket SL to 300, Set in Global as well as in Basket section. Finally the Shirt Protection. For each of these since you are aiming to catch a falling market, then set the value at a value before our required mark.

In this case, set it to say 290. By the time execution is done you should be at around the desired $300.00 The Shirt protection value set as "290" should work, that I'm certain. Ensure that you have the latest version of February 16th at least.

Ensure that after the EA has operated {So too with all control/Management EAz}; get in the habit of removing it from the account/chart. This encourages you to re-compute the settings each time they are employed. Leaving in Shirt protection with a previous (now inappropriate setting) can cause tears.

My $0.02

Bless
  • #503
  • May 13, 2010 12:16pm May 13, 2010 12:16pm
Thanks for the quick reply. I use the trade comment feature to differentiate trades (eg swing, positional, system), the BE feature, jumping stop loss feature, part close and I tried the add a missing stop loss feature so that I did have an ultimate stop. However, once I put in a stop, I then got strange anomolies like the BE profit feature failing to work and the jumping stop loss feature not working beyond break even. The pips away from JS/BE feature doesn't seem to have any impact either. This doesn't detract from the large number of pips that I make using the system but increases the necessary intervention that I was trying to get away from. I haven't tried the basket or shirt protection features as you kindly suggest because I'm a full time trader and was trying to simplify the inputs. To be honest, I am thinking of having an EA coded that doesn't have all this complexity, can be supported and is commercial quality. Thanks for the response though, I'll give it some thought
  • #504
  • May 13, 2010 2:05pm May 13, 2010 2:05pm
hi steve,

could you add to your to do list to add or expand the delay features to the other functions within the trade manager for the next build or should it already apply to intial TP/SL updates?

ATC Brokers seems to have error messages for any repeating modifications < 1 second and can revoke trading for abusers of this.

see below example where mptm was simply trying to attach a TP/SL to an initial order.

Experts log
2010.05.13 14:52:37 Multi%20purpose%20trade%20manager EURUSD,M1: EURUSD TP insertion failed with error(8): too frequent requests

Journal log
2010.05.13 14:52:37 '232xx': modification of order #364873 sell 0.10 EURUSD at 1.25550 sl: 1.26550 tp: 0.00000 -> sl: 0.00000 tp: 1.24049 failed [Too frequent requests]

thanks,

Brandon
  • #505
  • May 13, 2010 4:44pm May 13, 2010 4:44pm
Quoting bshoe24
hi steve,

could you add to your to do list to add or expand the delay features to the other functions within the trade manager for the next build or should it already apply to intial TP/SL updates?

ATC Brokers seems to have error messages for any repeating modifications < 1 second and can revoke trading for abusers of this....
Nope. Sorry. Not a clue what all this means.

  • #506
  • May 15, 2010 3:53am May 15, 2010 3:53am
One thing that I have found is that the manage all trades feature provides more consistent results as does running the EA on the same MT4 instance of the charts rather than say a second instance of the same account. Finally, running it on the same timeframe is also something I now do in order to ensure that there are fewer factors that might interfere with the proper working of the EA. If I can get it to apply different parameters for different trades (probably continuing to use the trade comment facility) then it will be very powerful. All these maybe obvious but I thought it worth noting.
  • #507
  • May 15, 2010 11:24am May 15, 2010 11:24am
Quoting SteveHopwood
Nope. Sorry. Not a clue what all this means.

it means that the EA is trying to update the intial TP or SL more than once per 1 second. ATC Brokers has error messages that are generated if you do any updates of any kind more frequent than once per 1 second. It is to prevent bad EAs from hammering their servers and causing degraded performance for everyone.

mptm isnt "hammering" their servers. its just generating a handful of these at a time. i am simply wanting to stay compliant with their standards for running EAs and not generate ANY of these errors at all.

all i am asking is that you consider for the next build adding or expanding the delays to the rest of the update functions. i believe you already have some delays coded with the varible "donotoverload5digitcriminals" which i already have set to true but, i dont think this applies to every function. or does it?

as i said before i get the "too frequent requests" error when mptm tries to attach an initial TP more than once in the same second.

as ATC Brokers is VERY popular i would assume this request would potentially benefit quite a few folks. thanks for considering anyway.

Brandon
  • #508
  • May 15, 2010 12:39pm May 15, 2010 12:39pm
Quoting bshoe24
it means that the EA is trying to update the intial TP or SL more than once per 1 second....
Thanks for the explanation.

If you are following my work, you will be aware that I have taken the decision to concentrate on one project at a time, so I am not going to spend any more time on this one for now.

As a temporary measure, I have been through the code and added a 1 second sleep time to every successful trade modification/closure I could find.

When I next have time, I will add a BrokerIsAtc input to the ea, so that non-ATC users can continue to benefit from the more rapid response.

The deeper I get into programming, the more aware I become that the platform is utter crap and needs ridiculous amounts of time to recover from being asked to do even the simplest thing. That is before some idiot criminal starts imposing limitations because it is too bone idle to provide proper facilities to its victims.

mptm needs some delay built in after trade mods/closures, but it doen't need a whole second. Altering the code to accommodate two sets of delays will take some time. As an interim measure, I have set up a separate ea for those of you using ATC crims. I attach it here and will put it into post 1 as well.

I cannot guarantee to have found every order modification, so sing out if you find I have missed one.

Attached File(s)
File Type: mq4 Multi purpose trade manager for ATC.mq4   96 KB | 658 downloads
  • #509
  • May 15, 2010 2:56pm May 15, 2010 2:56pm
wow you are really fast! thank steve! i will try it at market open.
  • #510
  • May 15, 2010 3:36pm May 15, 2010 3:36pm
Quoting bshoe24
wow you are really fast! thank steve! i will try it at market open.
I hope it works as intended. Let me know if not.

  • #511
  • May 16, 2010 4:37am May 16, 2010 4:37am
Quoting bshoe24
it means that the EA is trying to update the intial TP or SL more than once per 1 second....
Here's an idea - CHANGE BROKER

You are paying for a service, you are the customer. Other brokers have no problems with mptm, so the answer is easy. Email them, tell them to stop sending the error messages or else you will take your business elsewhere.

You are being victimised my friend .....
  • #512
  • May 16, 2010 4:37pm May 16, 2010 4:37pm
I am not quite sure which bit of this quote from post 1 is causing difficulties here:

Disclaimer
I coded a lot of functions into the ea in response to requests from users to do so. I have not used many of them and have forgotten how they work or what they do. Do not bother asking questions such as, "What do I do to......", or, "How do I....." The chances are that I do not know the answer. In any case, I shall ignore the question. Read the user guide and experiment on demo to find a solution. Feel free to ask questions here. Someone might know the answer and be prepared to supply an answer; just don't expect one from me. http://cdn.forexfactory.com/images/s...m/big_grin.gif Don't waste time sending me private pm's either; I shall ignore them.

Doubly, I am not sure which bit of this is causing so many idiots so many problems:
Don't waste time sending me private pm's either; I shall ignore them.
Despite this, I continue to receive pm's from those too lazy, stupid or both asking me to help them sort out issues they are to lazy, stupid or both to resolve for themselves.

Ok. So try this one.

FROM NOW ON, ANYONE STUPID ENOUGH TO PM ME WITH A PROBLEM THEY ARE TOO LAZY, STUPID OR BOTH TO RESOLVE FOR THEMSELVES EARN THEMSELVES IN INSTANT, IRREVOCABLE ADDITION TO MY 'IGNORE' LIST. THIS MEANS THEY CANNOT CONTACT ME IN ANY WAY, OR POST THEIR IDIOTIC RAMBLINGS IN ANY OF MY THREADS.

I hope I have got my point across.
  • #513
  • May 20, 2010 11:33pm May 20, 2010 11:33pm
i am using MBT as my broker and keep on getting " insertion failed with error(1): no error."

anyone know how to fix it?
  • #514
  • May 22, 2010 1:29pm May 22, 2010 1:29pm
Quoting macman
Here's an idea - CHANGE BROKER

You are paying for a service, you are the customer. Other brokers have no problems with mptm, so the answer is easy. Email them, tell them to stop sending the error messages or else you will take your business elsewhere.

You are being victimised my friend .....
appreciate your concern and you have a point but, i dont feel i am being victimized. i feel better about ATC Brokers than any of the several others i have tried live. they are very personal and timely in their support. there is nothing wrong with a broker wanting to conserve resources and ensure/enforce that the live server is not being used irresponsibly. poorly coded EAs with bad or no error control can use up server resources unnecessarily and that can affect others - though this was never the case with mptm. it was just occasionally generating a few of these. their message of "too frequent requests" is actually good feedback i think. no matter as its pretty much solved now. i'll stick with them. i like their proactiveness of insuring a good trading environment.

thanks again to Steve for the incredible contributions he makes to our community
  • #515
  • May 27, 2010 3:06pm May 27, 2010 3:06pm
Quoting fiddlinround
Here is another up-grade by Robert Hill... We can turn the text on/off which really helped me when I had several small charts on a profile and couldn’t see the price bars...

Steve, would you add the anti-flicker settings to this one or considering adding these settings to the original that would be wonderful...

thanks,
David

Good day all,
Again, I wish to express my profound appreciation to Mr. Hopwood and the team of contributors that have assisted in the evolution of the Multi Purpose Trade Manager (MPTM). At times I wish I could code so that some of my ideas could be considered. Instead of being despondent I have resigned myself to make the contribution to the superb utility, and that is in the area of testing and application.
My use primarily surrounds the application to basket trading and the following will be in that light.
Particular mention is to be made of Messrs. Steve Hopwood, Fiddlinaround, Cacus, Naningbob and the countless others who have contributed. As promised in Post # 393 Pg 27, here are the results of my testings to date:
(1/4) The “management by symbols” has been a real blessing and enhanced the versatility of the MPTM. It has really helped.

(2/4) Can the restriction of having to specify “Manage by Trade Comment” in order to activate the basket management be removed?? It currently limits the full functionality. If the trade comment field is different, it acts as a filter and only manages those that match or it does not manage at all. Just a suggestion, if that is still necessary based on the way the code developed, can it them be made to be set, to take whatever comment appears in a trade or just replace it with a logic, “manage all open trades”? As a point of note, if the trades have no comment, just set the “manage by comment” but leave that value blank. So replace the default “fib” and put noting there.

(3/4) The use of the Jumping Stop and BEP have been seen to operate satisfactorily. When the criteria for operation are met the EA functions repeatedly as set and take out trades as desired. One drawback is that I had a situation where JS=$100, BEP=$30, not disabling JS after BEP. The P/L went up to $103.00+ then retraced to trigger the Closures at #30.00. On closer viewing it was seen that the retracing market was faster than the MPTM could close the trades so by the time operations ended there was a profit of $4.90 left i.e. $26.10 had been taken back. It seems that a BEP of $50.00 may have worked better.

(4/4) We have been able to get the Jumping Stop & BEP to function (without disabling after BEP) while having the Trailing Stop and Trailing percentage enabled. Had the opportunity to see things in action through an example: where TS was initially set to activate for $220, we eventually lowered it to $150, whilst we saw the operation. Not certain how, but it seems the combination of the JS & The trailing stop results in a higher locked in profit than if either were to be used alone. I.e. if we let the JS remain after BEP is set. We noted (in our test example) that out of a locked in profit of $175+, with P/L going up to $230+, were able to lock in ~$150 out of that. So it seems that in the falling market during a mini-retracement there is a loss of approximately $30.00 off your locked in profit (off a margin of approximately $348.00). THIS IS WORTH NOTING!! ### Additionally, it seems that once the TS is activated (and subsequently hit), the MPTM needs to be removed from the charts as all subsequent trades, will be kicked out {often reducing your balance as, most trades are entered at a loss initially due to spread etc.}, if the old instance remains. Simply removing and reinstalling MPTM seems to do the trick. BUT it would be nice if it were coded that this leaching of trade did not occur as described. It is therefore NOT suited, with this shortcoming, to be run continuously, without supervision. [*** ] It is with this latter situation, where once the JS has be activated, it seems there need to have the MPTM reinstalled as describe above, that we request this further enhancement at this time. Of note is that: when the BEP is hit and (TS not yet activated), the tendency to close new opening trades by the EA is not manifested. This may be of value to our coders on FF, who I hope will find it possible to help with the forgoing so that our great MPTM will closer approach its full potential and value, particularly to us basket traders.
A sample setting for use in baskets is attached. To use simply download to your desired location then change extention from ".txt" to ".set" put in your MT4.0 presets forlder and test away. thanks for you patience. iwas long I hope but sometime details are necessary, particularly in a report. So I hope this wil hlp the coders to help?
Again, Particular mention is to be made of Messrs. Steve Hopwood, Fiddlinaround, Cacus, Naningbob and the countless others who have contributed.
Bless!



Attached File(s)
File Type: txt mptm_pair_4_basket.txt   4 KB | 676 downloads
  • #516
  • May 29, 2010 6:26pm May 29, 2010 6:26pm
Quoting pathumracled
Good day all,
[font=Calibri][size=3]Again, I wish to express my profound appreciation to Mr. Hopwood and the team of contributors that have assisted in the evolution of the Multi Purpose Trade Manager (MPTM)....
Sorry. I am busy elsewhere and have no time to devote to further development here.

  • #517
  • May 29, 2010 8:03pm May 29, 2010 8:03pm
Quoting SteveHopwood
Sorry. I am busy elsewhere and have no time to devote to further development here.

Sir Hopwood the response is reasonable. Let's Hope that perhaps others among us who are able, can assit with the requested/needed tweeks on the MPTM.

God Speed... You have earned it.

Bless!
  • #518
  • Jun 4, 2010 4:06am Jun 4, 2010 4:06am
I use the MTPM on all my trading and rarely trade without it. I have not had the problem you mention here.

“the MPTM could close the trades so by the time operations ended there was a profit of $4.90 left i.e. $26.10 had been taken back. It seems that a BEP of $50.00 may have worked better.”

You may want to look at your broker instead of the MPTM as the problem. One thing I do is keep my slippage at 5 so it has room to close the trade. I have used the MPTM live with FXSol UK and IBFX and I always get my close at or within a pip or two of the setting. The vast majority of time it is at the setting with no slippage. So try the MPTM with other brokers and see if you have the same issues.

I love this thing and I have it set to BE at 20 on medium and volatile currencies and 15 on slower ones. Most MA crosses on higher TF will move this much ensuring a profitable trade most of the time. Another thing to look at is do you have the SL hidden or publically put on the server. I have found that not using hidden stop losses gets me more accurate stops than hidden ones. That is because if the SL is on their server you can get a faster reaction than if you are sending a signal to close a trade from the EA. I have been keeping records of TP +10 after 20 pips and I get my +10 hit about 60% of the time. The other 40% it goes on to my TP setting. That is using their server for SL and TP not using the hidden TP, SL function of the MPTM. Hope this helps.
  • #519
  • Jun 4, 2010 4:50am Jun 4, 2010 4:50am
Quoting nanningbob
I use the MTPM on all my trading and rarely trade without it. I have not had the problem you mention here.

“the MPTM could close the trades so by the time operations ended there was a profit of $4.90 left i.e. $26.10 had been taken back. It seems that a BEP of $50.00 may have worked better.”

You may want to look at your broker instead of the MPTM as the problem. One thing I do is keep my slippage at 5 so it has room to close the trade. I have used the MPTM live with FXSol UK and IBFX and I always get my close at or within a pip...
Thank you kindly Sir nanningbob,

I have absorbed your sagely advice and will apply ASAP.

The Slippage used is 5.

The Loss on Locked P&L was on the Overall Account balance. The forgoing was when I traded a basket of currencies, so the loss was on the overall, value, from the time the close condition was met to when all trades 12 or so were eventually closed. In fact setting the BEP to about 1/6 of the basket equity has solved that to some extent, hence for a $350 basket margin, JS=100, BEP=50 has helped as a work around. So a permanent fix would involve a way to have the basket Trades Close out faster?

What has been your experience with the "Trade comment" requirement for basket trading function of MPTM? If you have two EA, with different comments, then the management is not on the entire account anymore but on the trades with matching comment. IMHO, the requirement to have the trade comment specified was prior to the addition made by Cacus, where specific pairs option was added.

With that, the Trade by comment requirement, in order to use Basket options is now quite restrictive. I do hope a coder among us could help to modify that requirement so that basket trades can be select "regardless" of trade comment I hope we can get some help with that as with the JS issues mentioned in post #515.

As always Sir nanningbob you inputs are invaluable.


Bless!
  • #520
  • Jun 4, 2010 6:08am Jun 4, 2010 6:08am
Quoting pathumracled
Thank you kindly Sir nanningbob,

I have absorbed your sagely advice and will apply ASAP.

The Slippage used is 5.

[color=black][font=Verdana]The Loss on Locked P&L was on the Overall Account balance....
I dont use basket trading or any other of the settings. Just BE +10 thats it. I have played with the jump but have changed to the TS that is provided within MT4. If trade is sitting profitably then I will set the TS and bring up my SL. I only use EAs to enter trades and bring my SL up to BE after that I manually manage my trades by closing them manually or setting a TP. So I dont get into all those other things. So I am very happy with the MPTM as written. In fact I would go for a much simpler version, dont need all that other stuff.

If I have a losing trade I handle them seperately never as a group. Only once in the last year and a half have I closed all trades because of losses. That was this month with the EURO crash. I just had too many trades going and I didnt see any use trying to save them all. So I just took the hit and will try to recover. The money lost was profit not principal so not too bad.
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